Archive for November, 2024

Global specialty insurance and reinsurance managing general agent Rokstone has announced a new partnership with parametric specialist NormanMax, that will see the MGA offering a global parametric product covering earthquake, hurricane, tropical cyclone and typhoon, with additional perils set to be incorporated later.

According to Fitch Ratings, the proposal from the Australian Prudential Regulation Authority (APRA) to remove the requirement for reinsurance arrangements to have a reinstatement in place could be a favourable move for the insurance-linked securities (ILS) market, allowing more risk to be transferred to investors from Australia’s insurance sector.

The emergence of an insurance-linked securities (ILS) market for cyber risk is seen as a critical component for the future expansion of that line of business, with the capital markets expected to be a key reinsurance and retrocession provider, Moody’s has said.

Today, we are delighted to announce the first wave of expert speakers for our upcoming ILS NYC 2025 conference. With over 150 people already registered to attend, Early Bird tickets are selling fast. Register soon to secure your place at the event.

Oxbridge Re Ltd., the Cayman Islands based reinsurance company, is planning to expand its offering of tokenized reinsurance securities that fund its collateralized reinsurance sidecar vehicle Oxbridge Re NS, with the launch of a second tranche of notes that appear set to have a lower risk-return profile.

Non-life insurance premium growth may slow after this year, as the re-pricing of risk effect evens out. But, global reinsurer Swiss Re believes that rising exposure to natural catastrophe events is set to continue driving property insurance market premiums higher, resulting in a corresponding increasing need for reinsurance and risk transfer.

KatRisk, the catastrophe risk modelling software provider and the third-party risk modelling agency for the NFIP’s FloodSmart Re catastrophe bonds, has been acquired by Technosylva, a company focused on wildfire simulation modeling, risk analysis and operational response software solutions.

Liberty Mutual Insurance has returned to the catastrophe bond market with a target to secure at least $225 million of indemnity based catastrophe reinsurance protection from the capital markets through a Mystic Re IV Ltd. (Series 2025-1) issuance.

During the full-year 2023, the catastrophe bond and insurance-linked securities (ILS) team at private markets focused investment manager Schroders Capital allocated over US $817 million to transactions that specifically help in reducing the insurance protection gap.

RenaissanceRe, the Bermudian global reinsurer, has lifted its third-party investor capital under management in reinsurance joint-ventures and insurance-linked securities (ILS) funds managed by RenRe’s Capital Partners division to a new end of quarter high of $7.72 billion.